I dismissed this company as froth when I first looked at it. Since then the sp has doubled and continues to steadily rise. I looked again and when I saw the countries and contracts this firm is in---I was impressed and bought some to tuck away. anyone else bought in or interested?

Norges Bank > 8%.

Ouch...........quite a drop. I wonder if this is because of the struggle between all of the companies trying to be the market leader?
"MasterCard, like its traditional card rivals, is rushing to gain a foothold in the nascent mobile money market. Visa has acquired Fundamo and invested in Monitise and Square in the recent past while American Express has taken a stake in Payfone."
Presumably not all of these will survive?

Down another 10% today.

RNS Number : 9190T

Monitise PLC

14 December 2011

14 December 2011

Monitise plc

H1 2012 PRE-CLOSE TRADING UPDATE

MONITISE REVENUE MOMENTUM ACCELERATES

REVENUE FOR H1 2012 APPROXIMATELY GBP15M

- ALMOST THREE TIMES H1 2011's GBP5.3M
- HIGHER THAN FY 2011's GBP14M
MORE THAN GBP35M OF CUSTOMER ORDERS CONTRACTED IN H1

- ORDER BOOK AT END-DECEMBER MORE THAN GBP75M

LONDON - Monitise plc (LSE: MONI), the technology company delivering mobile banking, payments and commerce networks worldwide, expects to announce first-half revenues nearly three times higher than a year ago when it publishes its interim results in February.

Revenues for the six months to 31 December 2011 are expected to be approximately GBP15m, compared with GBP5.3m in the same period a year ago. First-half FY 2012 revenue will also be higher than the GBP14m revenue generated in the entire 12 months to the end of June 2011.

The order book to the end of December 2011 has now passed GBP75m, with more than GBP35m of orders contracted during the first six months of FY 2012.

Profitability in live operations, which includes the UK, US and Global Accounts, is expected to show significant growth on levels achieved in the second half of 2011, which in turn grew strongly compared to the first half of last year. Gross margins are expected to be in line with the 62% generated in the first half of last year.

Monitise continues to invest in its future operations, technology platform and service delivery capability in line with its strategy to be the global leader in the mobile money marketplace. For the first half of FY 2012, the EBITDA loss (pre-exceptional item) is expected to be broadly in line with the loss in the equivalent period last year. Taking into account the estimated exceptional profit on the acquisition of Monitise Americas we expect to be close to breakeven EBITDA for the half year.

The continuing investment to maximise opportunities from the growing worldwide mobile banking, payments and commerce market is reflected in a strong uplift in customer demand for Monitise's services.

More than 5.5m customers have now signed up for Monitise's mobile money services, compared with 3m registered customers at the start of January 2011. The platform is processing 330m transactions a year, compared with 120m transactions per annum a year ago.

Customer log-ins for mobile money apps developed and deployed by Monitise are currently running at around 15m per month, compared with around 6m six months ago. Bank transfers and payments processed via the Monitise technology platform have risen to more than GBP1bn in the year to date. The corresponding figure for the whole of 2010 was GBP600,000.

"Our revenue performance and growing order book clearly demonstrate the momentum of the Monitise business as we head into calendar 2012, the year of the Olympics. We have seen via the increase in activity across our own technology platform how mobile banking has created an exciting and fast-growing new way for consumers to interact with their bank and manage money on their terms," said Monitise Group Chief Executive Alastair Lukies.

He added: "Worldwide interest and activity around mobile money is growing daily. Monitise has positioned itself as the only independent, interoperable, bank-grade mobile technology platform open to deliver services across any market to any device. That gives us a critical role to play as the mobile money market evolves. The market opportunity is huge and we will continue to invest to ensure we will retain our leadership role."

Monitise has recently formed several new strategic partnerships and deepened its existing partner relationships and expects this pattern of growth to continue.

In October, Visa Europe cemented its relationship with Monitise via the purchase of 70.5m new shares and the appointment of Visa Europe President and Chief Executive Peter Ayliffe to Monitise's Board of Directors. Monitise is working closely with Visa Europe to develop innovative, bank-grade, value-creating payment solutions for its member banks and partners.

In the UK last month, Monitise's joint venture, the Mobile Money Network, launched its new instant mobile checkout service, Simply Tap. Monitise developed the technology platform for the MMN, which is developing mobile services that bring together a network of retailers, advertisers, banks and media owners to provide consumers with a simple way to discover and buy goods and services using their mobile phone.

In August, Monitise entered a new five-year global strategic partnership with RBS Technology Services. Last month, RBS was awarded the "Mobile IT Innovation of the Year" award at the BCS & Computing UK IT Industry Awards while Monitise received a medal in the "Small Business Project of the Year" category for its contribution to the same mobile banking app development project.

Monitise has recently taken 100% ownership of its Americas business, giving it the ability to control the focus and direction of its activities in this key mobile money market. This is expected to yield significant operational and strategic benefits.

Monitise Group Chairman Duncan McIntyre said: "Monitise really has had an exceptional 2011 as a company. Trading for the group has never been better and we enter the calendar year 2012 with great momentum. The board will continue to review strategic options to ensure the value that we believe Monitise is creating is being recognised and maximised."

Monitise's interim results for the six months ending 31 December 2011 will be announced in February.

RNS Number : 1228U

Monitise PLC

16 December 2011

16 December 2011

Monitise plc

Monitise and FIS enter strategic partnership to develop mobile services

Five-year agreement includes multi-million dollar per annum revenues

LONDON - Monitise plc (LSE: MONI), has signed a five year strategic partnership agreement with FIS (NYSE: FIS), one of the world's largest global providers dedicated to banking and payments technologies, to create innovative mobile money services for existing and new clients.

The deal is a licensing, development and services agreement that will allow FIS to use Monitise's mobile banking and payments technology and helps deepen and strengthen the existing relationship between the two businesses.

In October, Monitise, which develops and deploys mobile banking, payments and commerce networks worldwide, bought out FIS's 51% stake in the two company's US joint venture, with FIS taking a 3.3% equity stake in Monitise.

Under the terms of the five-year deal, which involves multi-million dollar per annum revenues, FIS and Monitise have created an agile mobile development and deployment team that will help banks and other financial institutions defend and extend their role in the payments industry by creating secure and innovative new products and services.

FIS operates in more than 100 geographic markets and the company's more than 300 solutions represent the industry's most comprehensive array of products and services for the broadest scope of financial markets. Monitise provides mobile services to more than 250 US financial institutions.

"FIS is a clear leader in financial services technology with products and services for financial clients, ranging from small community banks to some of the largest financial institutions in the world. We are delighted to now be entering a new strategic partnership, which will complement FIS's role as a 'go-to' partner for financial institutions in the fast-growing and innovative mobile money marketplace," said Monitise Group Chief Executive Alastair Lukies.

In auction +11.1%

12 January 2012

Monitise plc

Notification of Interim Results Date


Monitise plc (LSE: MONI), the technology and services company delivering mobile banking, payments and commerce networks worldwide, will report Interim Results for the half year ended 31 December 2011 on Monday, 13 February 2012.


About Monitise

Monitise plc (LSE: MONI.L) is a technology and services company delivering mobile banking, payments and commerce networks worldwide with the proven technology and expertise to enable financial institutions and other service providers to offer a wide range of services to their customers in developed and emerging markets.

With live services in the UK, the US, India and Africa, the company is working with international partners to extend trusted and secure mobile banking, payment and commerce services in territories worldwide, including Europe, Asia Pacific and Latin America. Monitise has a global alliance agreement with Visa Inc. and strategic partnerships with Visa Europe, RBS Group and FIS. Other leading partners and clients include HSBC, Lloyds Banking Group, First Direct, U.S. Bank, Standard Chartered Bank, Travelex, Vocalink, Vodafone, Orange, O2, T-Mobile, 3 UK, Research In Motion, Best Buy Europe, The Carphone Warehouse, First Eastern, Astra, JETCO and PCCW mobile.

StockMarketWire.com
Monitise has appointed Goldman Sachs International as financial adviser and Canaccord Genuity as the company's nominated adviser and broker with immediate effect.

Chief executive Alastair Lukies said: "Monitise continues to carve out a clear leadership role in the hugely exciting global Mobile Money space.

"We are pleased to welcome Goldman Sachs and Canaccord as advisers, both representing leadership roles in their respective areas of expertise."

I fancy a few of these.

Canaccord comment:
We believe the mobile money market has reached an inflection point.
A growing number of companies are starting to commit to multi-year, multimillion dollar contracts and we believe many companies are starting the second phase of investment in mobile money. After initial implementation of first generation services, often built in-house, we think companies are planning to invest in a second generation of mobile commerce technologies with third-party technology providers led by Monitise.
The growing urgency in the market has driven financial institutions, mobile operators, merchants and online commerce players to target the mobile money market with differing products and strategies. However, all four groups require critical technology infrastructure to facilitate mobile commerce transactions and Monitise’s technology platform can support all four groups with common services. This differentiates Monitise against the many niche mobile application providers.

Good luck with these Harry - I did put them on my watch list when you first mentioned them - but I'm suffering from information overload atm!

Cheers. I'm in the same position concerning which stocks to pick. You just can't be in them all, so am concentrating on the miners atm, which are doing well. But have about 25 stocks atm, which is still too many to concentrate on! MONI is a slow steady grower for me now, so not too bothered with daily/weekly swings.

Monitise plc (LSE: MONI), welcomes the launch of new RBS and NatWest mobile Business Banking Apps that have been developed in partnership with RBS Group Technology Services.

The bank's business customers are able to track and monitor multiple bank accounts (allowing entrepreneurs to view their full account portfolios), check balances, view transactions and make intra-account transfers. A "near me" function provides addresses and opening hours of the nearest RBS or NatWest branch.

Regarding the launch, Monitise Group Chief Executive Alastair Lukies said: "We are laying deeper foundations with our partners and clients as they position themselves for an increasingly mobile future and we are excited by the apps that we are helping them bring to market."

SAN FRANCISCO - February 8, 2012 - Visa Inc. (NYSE: V) today announced the launch of mobile services that allow financial institutions to offer their account holders the ability to monitor account history and balances, transfer funds between accounts, and receive near real time transaction alerts on their mobile devices.

Working in collaboration with Monitise (LSE: MONI), Visa made a significant enhancement to its issuer processing platform, Visa DPS, to offer mobile services that are fully managed by Visa and can be accessed with any mobile device, any mobile channel, and with any eligible debit, credit or prepaid account. Additional services are currently in development including mobile check deposit, mobile (NFC) payments, mobile offers, and support for V.me by Visa, Visa's digital wallet.

Enabling mobile services through the Visa DPS platform directly aligns with Visa's global innovation strategy to accelerate the global shift to electronic payments, to make payments more secure, more convenient and to bring electronic payments to more consumers in more places.

StockMarketWire.com
Mobile commerce specialist Monitise reported revenue of £15.8m for the first half-year to end-December, three times the £5.3m achieved in the prior year period.

EBITDA in Live Operations was £4.8m ($7.5m), five times H1 FY 2011 and greater than £3.4m ($5.2m) in FY 2011.

Group EBITDA loss was reduced from £7.5m ($11.6m) in H1 FY 2011 to £6.9m ($10.7m) in H1 FY 2012.

Group pretax profit was £1.1m ($1.6m), reflecting one-time gain of £10.1m ($15.6m), related to acquisition of majority 51% holding in Monitise Americas joint venture.

The group had a strong cash position of £43m ($67m), and was debt free.

Monitise had a record order book of £83m ($128m) at 31st December 2011, with a further £120m ($186m) of revenues with a high degree of visibility from existing contracts over the next five years, totalling £203m ($314m).

Monitise said its Enterprise Platform is now enabling billions of pounds of transactions per annum and rising. 480m transactions a year are processed across the platform, compared with 120m transactions per annum in December 2010.

Monitise and Visa Europe delivered the first pan-European mobile person-to-person payments and alerts service.

The alliance with Visa Europe was strengthened on 31st October 2011 via a strategic investment of £24.7m ($38.3m) in Monitise made by Visa Europe to assist in the delivery of its 'Future of Payments' strategy.

Gross margin guidance is increased to more than 70% by H2 FY 2013, driven by a greater proportion of user generated revenues, which have relatively higher margins, as clients evolve through the development phases to live operations. Monitise ee expect continued growing profits from live operations.

Monitise is well funded with a cash balance of £43m ($67m) .

Monitise and Visa launch ground-breaking new mobile payments platform in India
Service will allow users to pay bills, buy tickets and top-up airtime

Monitise plc (LSE: MONI) announced today that Movida, its joint venture in India with Visa (NYSE:V), has signed an agreement with HDFC Bank, India's second-largest private bank, to introduce a first of its kind mobile payments service.

The new service allows HDFC Bank customers to pay bills, top up prepaid airtime and buy tickets from their mobile phone and is designed to operate across all mobile networks using any Visa or non-Visa branded payment account.

Monitise Group Chief Executive Alastair Lukies, said: "We are delighted that our proven mobile technology expertise is powering Movida's innovative new service and thrilled with the role we are playing in such an important market to make payments truly mobile."

Monitise welcomes Visa Europe's Mobile Money Network investment
LONDON - Monitise plc (LSE: MONI) welcomes the announcement that Visa Europe intends to take a 15% stake in its joint venture, the Mobile Money Network (MMN), the UK's leading enabler of mobile commerce and payments services for retailers.

MMN, with its Simply Tap instant mobile checkout service, is powered by the Monitise Enterprise Platform. The network is working with a large number of retailers as it brings together banks, advertisers and media owners to give consumers a simple way to shop using their mobile phone.

Commenting on today's announcement, Monitise Group Chief Executive Alastair Lukies said: "We are delighted by Visa Europe's investment in the Mobile Money Network. The strategic endorsement by the world's largest payments brand comes at an incredibly exciting time. Like Monitise, Visa is working with leading players to ensure that future mobile payment technologies are as easy, simple and secure as card-based transactions are today."

StockMarketWire.com
Monitise has entered into an agreement to acquire Clairmail Inc, a US provider of mobile banking and payments solutions.

The deal further enhances Monitise's position in the fast expanding mobile money market. Clairmail is growing rapidly with revenues in 2011 up by 90% year on year.

The Acquisition consideration will be satisfied entirely by the issue of up to 312,787,144 new Ordinary Shares representing approximately 26.5% of the fully diluted share capital of the enlarged Company1, post completion, and values Clairmail at approximately US$1732m (£109m), based on Monitise's share price of 35.0 p as of the close of trading on March 23, 2012.

The deal is conditional upon US regulatory and shareholder approvals. It is expected that the Acquisition will be completed before the end of the financial year 2012.

I quite like Monitise and their prospects but it would have been nicer to see that acquisition at least partly funded by debt rather than shares.

Interesting dollar/pound exchange rate in that story!

From The Times at the w/e:
One of the country’s fastest-growing technology companies is to go overseas in search of a new listing because of what it says is the failure of British investors to appreciate high-growth, high-risk shares.

Monitise is weighing up its next move after outgrowing the Alternative Investment Market. The £300 million mobile payments software business has yet to decide where it will list its shares, but the bruising experience of dealing with the City over the past decade has pushed it towards markets with more appetite for risk.
Its founder Alastair Lukies said:
“It’s about short-term profitability full stop. Even though we’ve created a half-a-billion dollar business they will not invest in us unless we pay a dividend.”